Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Exports Trend Flattens

Overseas Merchandise Trade (Exports): March 2001

The provisional value of merchandise exports for March 2001 is $2,899 million, according to figures released today by Statistics New Zealand. This value updates the early estimate of $2,880 million published on 1 May 2001. The monthly exports trend, after 23 months of continuous growth, is now flattening. However, as the imports trend continues to slowly rise, the effect on the balance trend is a decreasing surplus.

The seasonally adjusted value of merchandise exports for the March 2001 quarter is 3.3 per cent lower than in the December 2000 quarter.

The decrease in the March 2001 quarter to some extent reflects the large increase in the December 2000 quarter for the value and quantity of meat exports. Meat is 8.9 per cent lower in value in the March 2001 quarter than in the December 2000 quarter, which showed an increase of 20.5 per cent. The seasonally adjusted quantity decreased by 15.0 per cent in the March 2001 quarter.

The seasonally adjusted export value for fruit is 31.3 per cent lower in the March 2001 quarter than in the December quarter. The seasonally adjusted quantity of exported fruit decreased by 12.1 per cent in the March 2001 quarter.

These decreases were partly offset by the seasonally adjusted export value for dairy products, which is 8.9 per cent higher in the March 2001 quarter than in the December 2000 quarter.

Imports for March 2001 are valued at $2,806 million. The result is a trade surplus of $93 million.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Electricity Market: Power Panel Favours Scrapping Low-Fixed Charges

An independent panel reviewing electricity prices favours scrapping the government’s low-user fixed charge regime, banning the use of prompt-payment discounts, and requiring greater disclosure of the profit split between the retail and generation arms of the major power companies. More>>


Bottomless Oil And Zero Climate Cost: Greenpeace Not Big On PEPANZ Gas Ban Report

The NZIER report commissioned by oil industry body, PEPANZ, claims the oil and gas ban issued by the Government last April could cost the the New Zealand economy $28 billion by 2050... But Greenpeace says the figures in the report are based on false assumptions and alternative facts. More>>


Two Queensland Fruit Flies And A Different One In Otara: Devonport Fruit And Veg Lockdown

Work continues at pace on the biosecurity response following the discovery last week of one male Queensland fruit fly in a surveillance trap in the Auckland suburb of Devonport. More>>


Digital Services Tax: Government To Plan Tax On Web Operator Income

New Zealand is to consult on the design of changes to tax rules which currently allow multinational companies in the digital services field to do business here without paying income tax. More>>